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What
is the Association of Certified Fraud Examiners?
The Association of Certified Fraud Examiners is an
international, 25,000-member, professional organization
dedicated to fighting fraud and white-collar crime. With offices
in North America and Europe - and chapters around the globe -
the Association is networked to respond to the needs of
anti-fraud professionals everywhere. |
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What
is a Certified Fraud Examiner?
A Certified
Fraud Examiner (CFE) is a specialist educated and trained in
the detection and deterrence of a wide variety of white-collar
crimes. All CFEs must meet the rigorous criteria for admission to
the Association of Certified Fraud Examiners. Thereafter, they
must exemplify the highest moral and ethical standards and must
agree to abide by the Association's Code
of Professional Ethics. |
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Who
belongs to the Association of Certified Fraud Examiners?
Members of the Association specialize in a wide range of fields,
including fraud investigation; criminology; internal and external
auditing; loss prevention and security; forensic accounting; law;
law enforcement; investigation at the local, state, and federal
levels; education; and others, as well as students of these
fields. |
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How do I become a CFE?
Becoming a Certified Fraud Examiner is not an easy task. Only
Associate Members of the ACFE can be eligible for certification.
To achieve the CFE designation, you must meet the following
requirements:
- Be of high moral character
- Meet the minimum educational and experience requirements
- Pass the Uniform
CFE Examination
- Maintain required Continuing Professional Education (CPE)
- Pay annual Association dues
- Agree to abide by the Bylaws
and Code
of Professional Ethics of the Association of Certified
Fraud Examiners
Further details on how to become a CFE can be found by going to
the Becoming a CFE page of this website.
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Where
and how often is the CFE Exam offered?
The CFE
Exam was designed to be convenient for professionals with
hectic schedules. The entire exam is administered on your computer
in your own office or home from software that is mailed to you
from the Association. |
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Where can I find
the Middle Tennessee Chapter application form?
Click
here for the application form (PDF format). |
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What
are the continuing professional education
requirements?
ACFE requires all CFEs to certify their compliance with the requirement of 20 hours of CPE per year. See the notice below for details. You can certify online at the ACFE website and it only take a second.
In an effort to ensure all CFEs maintain competence and to uphold the high standards of the CFE credential, the ACFE requires CFEs to comply with CPE requirements each year. To keep your CFE designation, you must submit the certification below by June 30, 2005. If you do not do so, your membership will automatically be suspended and the suspension will be
published.
Every CFE must:
- Achieve a minimum of 20 hours
of CPE per calendar year with at least 10 hours being
directly fraud-related.(Excess CPE may not be carried
forward to future years.)
- Keep track of CPE and retain
for three years supporting documents for CPE credit earned.
- Annually certify that he/she
met the CPE requirements or report non-compliance.
- Provide evidence of compliance
to the ACFE for audit investigation at any time requested.
For complete CPE requirements and
approved fields of study, visit www.acfe.com/career/annual.asp.
CERTIFICATION REQUIRED BY JUNE 30, 2005 FOR YOUR CPE EARNED IN
2004.
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What
are the benefits of Chapter Membership?
Chapter membership is available to members of the National Association of Certified
Fraud Examiners. Members pay $25 annually or $50 for a three-year
recognition. Members can attend monthly luncheons for one hour of
free CPE (meals are $8 per person), become active as an officer or
committee chair, and interact with other anti-fraud professionals
at scheduled events and socials. Members also receive special
access to the Members Only section of the Chapter Website
where they can engage in a member discussion group, find job
opportunities, search the member database, and find a listing of
chapter library resources. Click
here to download an application for membership in the Middle
Tennessee Chapter (the application is in Adobe Acrobat format;
download
and install a free copy of Adobe Acrobat Reader). |
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How
serious is the problem of fraud in the U.S.?
It is estimated that 6% of revenues will be lost in 2002 as a
result of occupational fraud and abuse. Small businesses are the
most vulnerable to occupational fraud and abuse. The average
scheme in a small business causes $127,500 in losses. The
average scheme in the largest companies costs $97,000. Read the
"Report
to the Nation" at the ACFE web site for more information about
the problem of fraud in the U.S. or visit the Association’s web site at
www.acfe.com. |
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